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SEC Filings
S-4/A
SUSSER HOLDINGS CORP filed this Form S-4/A on 08/16/2016
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Table of Contents
Index to Financial Statements

ETP RETAIL HOLDINGS, LLC

NOTES TO CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS (Continued)

(Dollars in millions)

 

Summarized Financial Information

The following tables present aggregated selected balance sheet and income statement data for PES and Sunoco LP, which consolidates the result of operations of Sunoco LLC (on a 100% basis for all periods presented):

 

     December 31,  
     2015      2014  

Current assets

   $ 2,386       $ 3,150   

Property, plant and equipment, net

     3,766         3,269   

Other assets

     4,455         4,401   
  

 

 

    

 

 

 

Total assets

   $ 10,607       $ 10,820   
  

 

 

    

 

 

 

Current liabilities

   $ 1,762       $ 2,100   

Non-current liabilities

     3,519         2,503   

Equity

     5,326         6,217   
  

 

 

    

 

 

 

Total liabilities and equity

   $ 10,607       $ 10,820   
  

 

 

    

 

 

 

 

     Years Ended December 31,  
     2015      2014      2013  

Revenue

   $ 27,086       $ 24,154       $ 18,121   

Operating income (loss)

     498         252         (35

Net income (loss)

     308         113         (66

5. Inventories:

Inventories consisted of the following:

 

     December 31,
2015
     December 31,
2014
 

Refined distillate

   $ —         $ 99   

Refined gasoline

     —           158   

Other refined products

     —           19   
  

 

 

    

 

 

 

Total inventories

   $ —         $ 276   
  

 

 

    

 

 

 

As a result of changes in commodity prices, the Company recorded an increase to fuel inventory in the amount of $3 million for year ended December 31, 2015 and a decrease to fuel inventory in the amount of $176 million for year ended December 31, 2014. The total carrying value of the Company’s fuel inventories was less than average cost by approximately $24 million at December 31, 2014.

 

F-14

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